Super Group

Super Group: received approval from relevant authorities in Taiwan for dual-listing of up to 40m TDRs. Indicative price is NT$10.50/TDR, although actual price is subject to final book building and will be at a premium to that of Singapore’s. Proposed offering represents up to 20m new Super shares, as 2 TDRs = 1 Super share. Expect ~3.7% dilution. Could see trading interest, similar to other companies which have recently announced updates regarding their dual listing plans.